Palantir Technologies Inc Stock News

Palantir Technologies (NYSE: PLTR) continues to captivate the stock market, with Bank of Bank of America stepping in to raise its price target from $30 to an eye-popping $50.

Shares of Palantir Technologies (NYSE: PLTR) and Dell Technologies (NYSE: DELL) are rallying on news they'll be joining the S&P 500 later this month. S&P Global, which runs the index, says the tech giants, along with insurance provider Erie Indemnity (NASD: ERIE), will be added before the start of trading on September 23.

Qualifying as an S&P 500 stock is a noteworthy accomplishment for Palantir. The company's strong fundamentals got it there.

Palantir has seen revenue and its stock price roar higher as governments and commercial clients sign up for its services. The company recently reported its biggest quarterly profit ever.

Shares of Palantir Technologies Inc (NYSE:PLTR) ended a busy day for the tech sector 14% higher after confirmation of its inclusion in S&P 500 index. The announcement, made after markets closed on Friday, revealed that Palantir will be added to the prestigious index starting on September 23.

Tech stocks were in focus Monday on news Palantir and Dell are two of the S&P 500's newest members.

The stock market stopped its September bleeding Monday, though strategists warned the recent bout of volatility is likely to continue.

Palantir shares popped on Monday and are trading at their highest since early 2021 after S&P Global announced late Friday that it's adding the stock to the S&P 500. Palantir and Dell are joining the benchmark, replacing American Airlines and Etsy.